$Merit Medical Systems (MMSI.US)$In the past 5 years, in add...
$Merit Medical Systems(MMSI.US$In the past 5 years, in addition to a 3.1% decline in 2020, revenue increased for 4 years, with an average growth rate of 9.6%. Operating profit fell sharply by 33.3% in 2019, then continued to grow for 3 years. The 5-year average growth rate was 17%, and the average growth rate in the past two years was 48%. Net profit fell into loss in 2020, and increased sharply to 0.74.5 billion in the past two years. Losses in 2020 were mainly due to depreciation of capital assets and other special expenses, and the subject remained unclean for the rest of the years.
2023Q1 revenue increased 8%, operating profit increased 38%, and net profit increased 96%. The net profit growth rate was significantly higher than gross profit, mainly as a result of the transformation of other expenses into other income.
Currently, the price-earnings ratio is 64, and the price-earnings ratio has dropped to 56. Although it is not high compared to the profit growth rate, the high growth rate is usually difficult to sustain; you can wait a few more quarters before talking about it.
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